121029 – Rise in Household Debt



Today’s Items:

First…
Credit Crunch in Europe
http://finance.townhall.com

A collapse in demand for credit is underway in Europe with bank lending down sharply.   There are even calls for the European Central Bank to stop obsessing about fiscal issues and start up the printing presses.   These calls come, despite Japan having 20+ years of a various monetary and fiscal stimulus programs with nothing, but debt, to show for it.   In short, the banks in the Euro-zone are getting more desperate.

Next…
Rise in Household Debt
http://www.cnbc.com

After 14 consecutive quarters, American households are now taking on more debt than they are shedding.   The proportion of household debt to personal income has fallen to its lowest level since the mid-2000s.   Americans have slashed their credit card debt to $855 billion today from more than $1 trillion in 2008.   It could be a sign of recovery; however, it may be more of a sign of desperation to pay for healthcare, transportation, food and housing  as a result of inflation and governmental policies.

Next…
12 Cities Going Broke
http://www.marketwatch.com

Here are a few…
1. Le Center, Minnesota
2. Strafford County, New Hampshire
3. Harrison and Salem, New Jersey
4. Central falls, Rhode Island
5. Jefferson County, Alabama

Next…
Is Romney a Threat to the Gold Price?
http://www.goldmoney.com

If Romney were to win the election, some have speculated that he might tackle unsustainable government spending.   Well folks, Romney and Obama may differ on some items; however, the ones that they both agree on spell disaster for the US Dollar.   With that in mind, after preparing, keep stacking physical.

Next…
Historical Treasures Stolen from National Archives
http://www.cbsnews.com

Like the $100 million plus in art stolen from a museum in the Netherlands, historical artifacts, from the Wright Brothers airplane patent to the the bombing maps for the nuclear attack on Japan, have been stolen from the National Archives.   As more historical treasures suddenly go missing, one has to wonder if governments are saving national treasures, like the fictional scene in the movie 2012, because of an untold disaster on the horizon.

Next…
Cyber-security Education Begins in Kindergarten
http://cnsnews.com

Janet Incompetano, in a Department of Homeland Insecurity blog, is working to develop the next generation of Hitler youth err..  leaders in cyber-security beginning in kindergarten.   Hey Janet, go play with your girlfriends and leave the children alone you pervert!

Next…
Saudi King Urges UN Action Against Religious Insults
http://www.france24.com

The Saudi King, whose kingdom has most likely been helping in aiding the Syrian Rebels obtain advanced weaponry, is still following the Obama lie about the You Tube video that did NOT cause the attack in Libya.    At any rate, this Mideast puppet king is demanding that the UN condemn any insults on monotheistic religions.   No doubt, he will want Christianity, and Judaism, excluded from the list of monotheistic religions.

Finally, please prepare now for the escalating economic and social unrest.    Good Day!

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only.   ‘Hyper Report’ assumes all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied.   No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes.   Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.

Advertisements

Please leave a reply...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s